[ANN][CAU] Canxium: Welcome to the Offline Mining

[canximan]

Introduce
Since 2009, A lot of blockchains have been released with the same concepts: Designed to be inflation or deflation only. Bitcoin is deflation by design, Ethereum is inflation before the Merge. I propose another concept: The total supply of the coin will be determined by supply and demand, when the demand is too high, price goes up, miners get more profit and more miners come to mine Canxium leads to hashrate/difficulty goes up and more Canxium will be added to the market. Because the higher the difficulty, the greater the reward. Same thing happens when the demand is too low. I also introduce a new mining concept: Offline mining.

Who is Behind Canxium?

Canximan -> Founder, developer and researcher.

Road map
2023: Start the pow chain, block mining algorithm is Ethash, set contract creation fee to 100 CAU: Done
2023: Support offline mining using Ethash: in progress
2024: Hydro harkford: remove 0.25 CAU block reward.
2024: Support more offline mining algorithms: SHA256, X11.
2025-2026: Switch consensus from pow to pos but offline mining is the only way to make more coins, no staking reward. Validator earn transaction fee and 2% total offline mining transaction reward included in the block.
2026 ->: More offline mining algorithms.

Links

Website: https://canxium.org/
Stats: https://stats.canxium.org/
Explorer: https://explorer.canxium.org/
Github: https://github.com/canxium/go-canxium
Paper: https://canxium.org/pdf/whitepaper_v2.1.pdf
Twitter: https://twitter.com/canxiumchain
Reddit: https://www.reddit.com/r/calciumchain/
Discord: https://discord.gg/SbxSPJ8FkD

How to mine: The hard way
1. Install golang: https://go.dev/doc/install
2. Clone canxium: git clone https://github.com/canxium/go-canxium.git
3. Compile canxium: make canxium
4. Init Canxium: ./build/bin/canxium --db.engine=pebble init ./genesis/mainnet.genesis.json
5. Mine: ./build/bin/canxium --http --http.api eth,net,web3 --ethstats <node_name>:canxium@stats.canxium.org --mine --miner.etherbase 0x0000000000000000000000000000000000000000 --miner.threads 1 --db.engine=pebble --bootnodes enode://314f1041da4b27f5e4c02b4eac52ca7bd2f025cb585490cb7032fdb08db737aa10d7d64a780db697643ece6027d3bc1a511696420e76192648c0d2d74d099c73@boot.canxium.net:30303

Community Mining Pool:
http://e4pool.com/en
Stratum: http://cau.e4pool.com:9236
Pool fee: 1%
Min. payout: 1 CAU once a day
Support: http://t.me/e4pool_howto

http://cau.cryptohood.org/
NEW Canxium POOL auto payout 5CAU
stratum: cau.cryptohood.org:8008
./t-rex -a ethash -o stratum+tcp://cau.cryptohood.org:8008 -u cau_address
AMD user use: teamred miner!

Metamask:
https://pbs.twimg.com/media/Fw3Izz6aAAItp01?format=jpg&name=4096x4096

[canximan]

Do it yourself if you want some CAU in you wallet. Do it in the first year, next year it's very hard to mine just one CAU.

[canximan]

What is the contract creation fee?

Look at the problem of other chain: a lot of garbage, unused contracts, spam transaction, spam token.... because of the cheap transaction fee and contract creation fee, I decided to add a fixed fee to every contract creation transaction is 100 CAU.

So how much 100 CAU worth?

[canximan]

After Hydro hardfork (block 4204800 ~ 11 months), 0.25 CAU block reward is removed. New reward formula is apply and make it very difficulty to mine one CAU.
Example: Reward is 1 CAU if the network difficulty reach 2000000000000000, so if you're using a laptop with the hashrate is 1 Mh/s, how long does it take to mine one block and receive 1 CAU?

The answer is: 72.90 Years!!!!!

Formula: https://docs.google.com/spreadsheets/d/1ka73YpAkjU_fHskyEAfpMMPUDTsmX4T3l4lstqX16kM/edit?usp=sharing

[canximan]

Sooooo

Can I use my old laptop to earn some CAU?

Yes, offline mining is the way. Choose your own difficulty, for example: 10000000. And start the miner, let it run until it solve the pow challenge and you will get reward. Can be an hours, a day or week at your choice.

[canximan]

Canxium difficulty reach 1.65TH, it's not profitable to mine CAU using CPU now.

[gameparadise007]

This is very innovative coin.
Is there any pool to mine ?

[pdneves]

Really interesting project, hopefully you can deliver what's in the roadmap. Will try to get at least 10CAU before the big players discover this.

[canximan]

This is very innovative coin.
Is there any pool to mine ?

New pool is added to #1 post.

[sammyisking123]

Looks good.
Can I use metamask address to mine this coin, once setting up the CAU on metamask?

[pdneves]

Looks good.
Can I use metamask address to mine this coin, once setting up the CAU on metamask?

Yes

[shell32]

I put one ASIC in solo for the experiment. The altcoinpool pool shows 3.83 mined in 24 hours. Block reward 0.19. According to the calculator, ~4.5 CAU per day should increase. Metamask displays ~21 CAU. I was unable to predict income.

[canximan]

I put one ASIC in solo for the experiment. The altcoinpool pool shows 3.83 mined in 24 hours. Block reward 0.19. According to the calculator, ~4.5 CAU per day should increase. Metamask displays ~21 CAU. I was unable to predict income.

Good for you, since this coin is new, miners come and left, network hashrates can increase to 150 GH/s and drop to 50 GH/s. So your income will not stable.

[reb0rn21]

NEW Canxium POOL (EU, ddos protection) auto payout 5CAU
http://cau.cryptohood.org/
stratum: cau.cryptohood.org:8008
t-rex -a ethash -o stratum+tcp://cau.cryptohood.org:8008 -u cau_address
for AMD use: Teamred miner!

[shell32]

http://cau.cryptohood.org

https://talkimg.com/images/2023/05/30/ww6IW.png https://talkimg.com/images/2023/05/30/wwP7J.jpeg

[reb0rn21]

 fixed , still do not have logo

[canximan]

fixed , still do not have logo

  Logo is the most important, cannot change after release. Soon.

[canximan]

fixed , still do not have logo

  Logo is the most important, cannot change after release. Soon.

Logo is ready, new explorer is released.

Stats: 326,317 Blocks, 2,560 Transactions, 94 Wallets.
81579.75 CAU mined.

[Eddyc]

https://www.publish0x.com/crypto-bits/canxiumcau-a-milestone-in-the-new-generation-xyenvxz

A new milestone that must be analyzed...

[canximan]

Planning to do an IEO in Q1/2024, make sure you join our discord. Cancel